Business

New Ford CEO makes first big management change

Mark Fields appointed Kumar Galhotra president of the Lincoln line effective Sept. 1. Galhotra, currently Ford’s vice president of engineering, takes up the task from Jim Farley to turn around Lincoln, where sales have fallen 65 percent from a 1990 peak.

Business

New safety rules proposed to curb oil train fires

Thousands of older rail tank cars that carry crude oil would be phased out within two years under regulations proposed Wednesday in response to a series of fiery train crashes over the past year, including a runaway oil train that exploded in the Quebec town of Lac-Megantic, killing 47 people.

Government & Politics

Courts issue split rulings on health care law subsidies

A federal appeals court ruled that financial help could be offered only on a state-run insurance exchange, not HealthCare.gov. A different court reached the opposite conclusion. The decision may end up with the U.S. Supreme Court. For now, no one faces the immediate loss of subsidized insurance and enrollment for next year will proceed as planned.

Today's Market

A one-stop shop for dorm decor

Jeff Gawronski founded DormCo.com four years ago with a business model that takes a few pages from Amazon’s playbook. DormCo carries about 4,500 products, including comforters, lamps and other lights, futons, loungers, benches and other seating, and customized products such as lofted beds.

A one-stop shop for dorm decor

Jeff Gawronski founded DormCo.com four years ago with a business model that takes a few pages from Amazon’s playbook. DormCo carries about 4,500 products, including comforters, lamps and other lights, futons, loungers, benches and other seating, and customized products such as lofted beds.

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Waddell & Reed Financial tops the rankings

The Overland Park mutual fund manager has outpaced rivals in attracting investors’ dollars by its strong performance and variety of offerings. And the Ivy Funds, which Waddell manages alongside its Waddell & Reed Funds, had a big hand in this year’s showing.

Waddell & Reed Financial tops the rankings

The Overland Park mutual fund manager has outpaced rivals in attracting investors’ dollars by its strong performance and variety of offerings. And the Ivy Funds, which Waddell manages alongside its Waddell & Reed Funds, had a big hand in this year’s showing.

Today's Circulars

Business

Business

Home construction activity in Kansas City area remains steady

The Home Builders Association of Greater Kansas City said in its latest monthly survey that 359 permits for single-family homes were issued last month, up from 333 in June 2013. That was the busiest June since 2007, and continues a recent trend of strong building activity. Additionally, more permits were issued through June for apartments and other multi-family units than in any six-month period since 2001.

Business

Delta 2Q profit rises 17 percent

Delta Air Lines Inc. said Wednesday that second-quarter earnings rose 17 percent, topping analysts' expectations, as passengers flew more miles at higher average fares and fuel spending declined.